Tech park will roll out more resources, funds

Finance | Staff reporter 27 Jul 2021

Financial Secretary Paul Chan Mo-po said the SAR government and the mainland government will co-launch measures at the Hong Kong-Shenzhen Innovation and Technology Park in Lok Ma Chau.

The measures will explore and provide scientific research resources, funds and other convenient measures, and aims to attract domestic and overseas talent and enterprises to the park.

The first batch of eight buildings in the park is expected to be completed between 2024 and 2027.

His words came after he attended an Our Hong Kong Foundation event that advocated setting up a biotech hub at the Lok Ma Chau Loop.

The foundation suggested introducing leading biomedical companies to the park and developing an ecological environment that is conducive to the development of start-ups.

Meanwhile, Chan said Hong Kong could create 70,000 residential units by adding new MTR stations on Northern Link.

Speaking in an interview with local media, Chan said Hong Kong should cooperate with the Greater Bay Area to make good use of tracts of land between the Hong Kong and Shenzhen border.

Separately, Uptify in Mong Kok opened its third price list, offering 13 standard flats and 10 featured flats at a minimum price of HK$4.54 million after discounts. The price per square foot of the 13 flats range from 172 sq ft to 319 sq ft is HK$24,835 on average after discounts. The project will open sales this Friday.

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